Author: The Daily Hodl

President Trump-backed World Liberty Financial is announcing plans to launch a new stablecoin on Tuesday that would be aimed at bridging traditional finance with digital assets. According to a press release, the new stablecoin is called USD1, which will be pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Says World Liberty Financial co-founder Zach Witkoff, “USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most respected names in traditional finance. We’re offering a digital dollar stablecoin that sovereign investors…

Solana (SOL) co-founder Anatoly Yakovenko doesn’t think there’s any reason to build layer-2s, which are protocols designed to help smart contract platforms scale. A pseudonymous account on the social media platform X recently encouraged developers to build projects on top of Ethereum (ETH) rather than develop new competitors, arguing that layer-2s are “faster, cheaper, and more secure” than layer-1s. Yakovenko took to X to respond and argue the opposite. “There is no reason to build an L2. L1s can be faster, cheaper, and more secure. They aren’t slowed down by a glacially moving L1 data availability stack, or have to…

The asset management giant Fidelity hopes to launch a blockchain-tracked share class for one of its existing funds. The Fidelity Treasury Digital Fund is 99.99% invested in U.S. Treasury bills. A new filing with the U.S. Securities and Exchange Commission (SEC) indicates the firm hopes to launch a new “OnChain” share class for the fund in May. The new product is designed to increase ownership transparency for its Treasury Digital Fund by recording transactions on a public blockchain. Reads the filing, “The fund’s transfer agent maintains the official record of share ownership of the OnChain class in book-entry form. Ownership…

Rich Dad Poor Dad author Robert Kiyosaki says those who believe in Bitcoin (BTC) will likely be rewarded with generational wealth. Kiyosaki tells his 2.7 million followers on the social media platform X that there are two types of investors – those who participate because they don’t want to miss out on potential gains and those who stay sidelined out of fear. According to the best-selling author, history shows that those who invest in Bitcoin will see their portfolio grow in the coming months. “Most of us have heard of FOMO: Fear Of Missing Out. Yet…the main reason poor people…

Deep-pocketed traders triggered a price crash over the weekend after depositing a huge chunk of an altcoin’s supply to digital asset exchanges. According to blockchain tracking firm Lookonchain, whales in the Bounce (AUCTION) market have been greatly influencing the altcoin’s price action for the past week, causing massive swings in both directions. Bounce Finance is a decentralized auction platform enabling auctions for various assets, such as physical assets tokenized on the blockchain and non-fungible tokens (NFTs). AUCTION tokens are used for governance, staking, and fees for participating in auctions or creating NFTs on the platform. Lookonchain says that in the…

Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into digital asset investment vehicles last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products finally snapped their worst run of investor outflows in 10 years. “Digital asset investment products saw a reversal last week, breaking a five-week streak of outflows, with inflows totaling US$644m. Total assets under management have risen by 6.3% from their low point on March 10th. Notably, every day last week recorded inflows, following a 17-day consecutive run of outflows — signaling a decisive shift in sentiment toward…

Digital assets and equities are soaring on the weekly open amid renewed optimism stemming from the White House taking a softer tone on tariffs. While tariff threats initially sparked one of the worst stock market drawdowns in recent memory, reports are now suggesting that President Trump’s aggressive trade negotiations may be in the process of a smooth resolution. Citing “US officials familiar with the matter,” Bloomberg reports that Trump’s reciprocal tariffs may be more targeted than initially anticipated, with some countries being exempt, and some sector-specific levies being delayed by the White House. The Wall Street Journal reported similar information.…

Strategy, formerly MicroStrategy, is announcing the acquisition of nearly 7,000 more Bitcoin (BTC) worth approximately $584 million. In a new post to the social media platform X, Strategy says it now owns over 500,000 BTC. “Strategy has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, we hodl 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin.” According to data from BitcoinTreasuries.net, Strategy now owns over 2% of the global circulating BTC supply. Other top holders include US firms MARA Holdings, Riot Platforms, Tesla, and Coinbase –…

A new survey by the crypto data aggregator CoinGecko finds that less than 50% of investors are bullish on artificial intelligence (AI)-based digital assets. CoinGecko polled 2,632 anonymous crypto investors around the globe between February 20th and March 10th of this year to gain insights on the merger of cryptocurrencies and AI. Results show that 46.9% of crypto investors are either somewhat bullish or bullish on crypto AI products. The survey also reveals that 29% are neutral and the rest are either somewhat bearish or bearish on AI-based crypto assets. On the prices of AI crypto tokens, 44.3% of participants…

Venture capitalist Chris Burniske says that it would only take one day of positive action for the crypto market to suddenly reverse course. The investor tells his 324,300 followers on the social media platform X that he’s starting to see signs of life within longtail cryptocurrencies – or altcoins further out the risk curve – perhaps the beginning of a bullish market structure. “Starting to see strong signs of life in long tail crypto assets – this signal doesn’t always have follow through, but it tells me people want to take risk again as the majors consolidate… All it takes…